The Government has recently issued Decree 75 in an attempt to strictly and resolutely handle violations of the competition law and adapt to the new market reality.

Despite the slowdown in global deal-making due to ongoing worldwide economic uncertainty, Vietnam remains active in M&A in 2020, according to a new report by Baker McKenzie.

Prime Minister Nguyen Xuan Phuc has approved a plan to boost the sustainable development of the private business sector towards 2025 with a vision to 2030 with six major solutions.

State-funded projects will be subject to the new rule on management of construction investment costs, reads a decree recently issued by the Government.

The Prime Minister on June 27 approved Decision 23, revising the list of imports subject to customs procedures at import border gates specified under Decision 15 of 2017.

The Prime Minister on April 19 approved Decision 18, prescribing the import of used machinery, equipment and technological lines, which is designed to replace Circular 23 of 2015, issued by the Ministry of Science and Technology (MOST).

The green light for establishment of foreign-invested vocational education institutions in Vietnam was switched on under the 2014 Law on Vocational Education (the Law). However, more than four years after the Law came into force, foreign investment in vocational education remains difficult due to lack of regulations specifying conditions on establishment of foreign-invested vocational training schools in Vietnam.

Promotion means an act of commercial enhancement by a business entity aimed at boosting the sale of goods or the provision of services by giving specified benefits to customers. On May 22, 2018, the Goverment issued Decree 81/2018/ND-CP on commercial enhancement activities. Decree 81 took effect on July 15, 2018. New provisions on promotion in Decree 81 compared to previous regulations aim to create favorable conditions for business entities.

Science and technology enterprises will be soon provided with a raft of attractive tax, credit and land incentives, following a decree recently issued by the Government.

Vietnam will strive to increase its international rankings in terms of business environment and competitiveness in order to adapt itself to the new production system in the Fourth Industrial Revolution, according to a resolution adopted by the Government on the first day of 2019.